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Petrol, LPG consumption up 10% in India; diesel, kerosene sees sluggishness

The pace of growth in petroleum consumption slowed this year, but private retailers are getting ready to open more and more outlets, Fitch Ratings said.Consumption of petroleum products, such as diesel, petrol, LPG and kerosene, has been increasing at a rate of about 5% in India over the last

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Tata Power to set up electric vehicle charging stations in Mumbai

Tata Power announced its plan to set up electric vehicle charging stations across Mumbai, and has set up the first one at its compound in Vikhroli."These chargers would facilitate electric car users to charge their cars (Battery Electric Vehicles such as the Mahindra e2O, Nissan Leaf, etc) at any time

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India achieves only 14% of rooftop solar power target

Even as India more or less sticks to the target on adding large solar farms under its ambitious Solar Mission project, the other leg of the plan -- rooftop solar -- remains woefully behind target.Under the solar mission, India is supposed to have put in 5,000 megawatt of solar plants

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SLOW START: India adds 8.3% of 2017 target solar capacity in three months

India added only 827 megawatt of solar power generation capacity in the first three months of the current financial year, indicating a slow start to the yearly program.The addition of the first three months represents only 8.27% of the 10,000 megawatt that it is supposed to come online this year.According

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HPCL appoints bankers for Rs 6,000 cr FCCB issue

Hindustan Petroleum Corp Ltd said it had appointed banking intermediaries for organizing investor meetings in the run up to raising Rs 6,000 cr ($930 mln) by selling foreign-currency denominated bonds.The bonds will be non-convertible, and will be issued if the meetings discover favorable market conditions and demand, the state-owned oil

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BHEL wins 15 MW solar project, total reaches 180 MW

Bharat Heavy Electricals Limited said it got an order from Gujarat Alkalies and Chemical Limited for setting up a 15 MW Solar Photovoltaic power plant in Gujarat on Engineering, Procurement and Construction (EPC) basis.This takes the total solar power generation capacity being constructed by the company to 180 MW, including

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Reliance Industries expands paraxylene capacity, becomes global No.1

Reliance Industries said it commissioned its third and last crystallization train at its paraxylene complex at Jamnagar, making the company the biggest manufacturer of the key ingredient used in plastic production.Paraxylene is used to make intermediate chemicals that are then used to manufacture polyethylene terephthalate or PET. PET

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IREDA to sell 14 cr shares in IPO to help meet India’s renewable targets

The central government has okayed the listing of India's premier renewable energy agency, IREDA, via an initial public offer.The move will help the non-banking finance company "increase its equity base which will help them raise more debt resources for funding renewable energy projects," the government said.IREDA supports the non-traditional energy

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NTPC starts 660 MW Solapur Super Thermal Power Project in Maharashtra

NTPC Ltd, India's largest power producer, has taken its total installed production capacity beyond the 51,000 MW mark with the addition of the 660 MW Solapur Super Thermal Power Project in Maharashtra.The total capacity of the NTPC Group has become 51410 MW, including 20 coal based, 7 gas based, 10

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India sets up committee to study Chinese interest in power grid

India's ministry of power has set up a committee to examine concerns around the participation of Chinese companies in the country's fast-growing transmission sector.Since large Chinese firms typically have close ties to the Chinese government, concerns have been raised by both Indian companies as well as some security experts about

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BHEL commissions 800 MW supercritical coal unit in Karnataka

Bharat Heavy Electricals Limited (BHEL) commissioned an 800 MW coal-based supercritical thermal unit at the  Yeramarus Thermal Power Station located in Raichur district of Karnataka, the heavy equipment maker said.The plant is a joint venture between BHEL and Karnataka Power Corporation Limited and now has a capacity of 1600 MW.With this,

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India is the first country to reuse nuclear waste on large scale – Minister

The Department of Atomic Energy today said that India is the first country in the world where the waste produced by nuclear power plants is being used for civilian applications.Jitendra Singh, the minister of state overseeing the department, also allayed concerns about any possible leakage of radiation from spent fuel."There

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